MILLIONS of Social Security checks up to $5,100 are being sent tomorrow – but a new change may force you to wait.
Americans all over the country are finally set to be paid their retroactive credit, but one exception could see delays for many.
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The US Sun reported on the passing of the Social Security Fairness Act last year.
This eliminated to key provisions that were preventing millions of retirees from receiving their entitled Social Security payments.
The Windfall Elimination Provision and Government Pension Offset reduced Social Security benefits for nearly 3 million Americans.
The US Sun shared the story of Ron, who could not collect his Social Security because of this very reason.
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He said: “I’m just trynna make ends meet here, it’s been no picnic.
“There’s a whole bunch of us who have been retired all these years who got schooled by Social Security.”
Now, the Social Security Fairness Act is changing that, and overdue payments are being given out this month.
The law passed in January, right before Joe Biden left office.
Senate Majority Leader Chuck Schumer said: “The Senate finally corrects a 50-year mistake.”
Payments will be given out monthly from April, and you will get yours depending on your birthday.
They will be given out on three separate days throughout a month.
On Wednesday April 9, those born between the 1st and the 10th of the month will get their cash.
Wednesday, April 16 will pay out the money to those born between the 11th and the 20th.
Finally, Wednesday, April 23 will be the day those born between the 21st and 31st will get their overdue Social Security payment.
A DELAY WARNING
However, there may be trouble on the horizon for some who are awaiting their money, per News Nation.
The Social Security Administration (SSA) has said: “We are expediting these cases now.
“We are releasing retroactive benefits and sending new monthly benefits amounts as we process each case, with the expectation that all beneficiary records will be updated by early November 2025.”
This means that despite payments being given out, those who will received them will not have that updated on their record until closer to the end of the year.
HOW TO SUPPLEMENT YOUR SOCIAL SECURITY
Here’s how to supplement your Social Security:
Given the uncertainty surrounding Social Security’s long-term future, it’s essential for workers to consider ways to supplement their retirement income.
Senior Citizens League executive director, Shannon Benton recommends starting early with savings and investing in retirement accounts like 401(k)s or IRAs.
- 401(k) Plans
- A 401(k) is a retirement account offered through employers, where contributions are tax-deferred.
- Many employers also match employee contributions, typically between 2% and 4% of salary, making it a valuable tool for building retirement savings.
- Maxing out your 401(k) contributions, especially if your employer offers a match, should be a priority.
- IRAs
- An Individual Retirement Account (IRA) offers another avenue for retirement savings.
- Unlike a 401(k), an IRA isn’t tied to your employer, giving you more flexibility in your investment choices.
- Contributions to traditional IRAs are tax-deductible, and the funds grow tax-free until they are withdrawn, at which point they are taxed as income.
It is unknown if this could cause any delays to the payment process, but if records are not being contuni8ally updated, it could risk some falling through the cracks.
The administration does have a plan in place for those who do not get their money, however.
The SSA recommends that beneficiaries who don’t receive a payment on their due date contact their bank or financial institution first to see if there was a delay.
If this doesn’t work, try calling 1-800-772-1213 or contacting a local Social Security office.
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